Questions Abound in Take Private Deal for M*Modal

July 06, 2012

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One Equity Partners has entered into a definitive agreement to acquire M*Modal (NASDAQ: MODL) for $14 per share in cash, valuing the company at $1.1 billion. Shortly after the announcement, the legal firm Tripp Levy announced an investigation into M*Modal’s senior management and board of directors for possible breaches of fiduciary duty and other legal violations in relation to the deal, claiming the parties are putting their own interests ahead of shareholders. To that end, several analysts have set the inherent value of the company at a minimum of $16 per share.